Atlas CCD Plans Retap

Atlas CCD Plans Retap

May 13, 2011

Mexico’s Atlas Discovery Capital is preparing to reopen its Certificado de Capital de Desarrollo (CCD) to raise MXP650m, according to regulatory filings. The PE firm closed the original transaction in December 2009, raising MXP1.4bn. The 10-year fund created by the deal makes investments in a diverse variety of Mexican businesses, with a focus on middle-class consumption. Its activities to date include investments in airline Volaris and transportation company Lipu. The return structure is similar to other CCDs – investors recover the funds invested, then are paid an 8% preferred return, with remaining funds distributed 80% to investors and 20% to Atlas. It does not give a date for the reopening, to be managed by ING.

Mexico’s Atlas Discovery Capital is preparing to reopen its Certificado de Capital de Desarrollo (CCD) to raise MXP650m, according to regulatory filings. The PE firm closed the original transaction in December 2009, raising MXP1.4bn. The 10-year fund created by the deal makes investments in a diverse variety of Mexican businesses, with a focus on middle-class consumption. Its activities to date include investments in airline Volaris and transportation company Lipu. The return structure is simila